Economic Development in Wetaskiwin
Welcome to Wetaskiwin Economic Development Department!
In Wetaskiwin, it's easier to connect with policy makers who are open to ideas that enhance our city, and who are motivated to support your growth. Be assured our resilient economy ensures we are open for and to business.
Economic success and prosperity--especially for our local businesses--is a top priority. As such, we have moved away from the traditional Economic Development approach and are prioritizing grassroots development to revitalize the community. We are focusing on small businesses, entrepreneurs, local events, and fostering a sense of City pride and belonging.
Advantages of Investing in Wetaskiwin
Feeding and fueling the world, Wetaskiwin’s rich agricultural sector and robust manufacturing industry drive the local economy and combine to create a wide range of opportunities for continued investment and growth in both sectors.
Supported by strong connectivity via road, rail, and air to both domestic and international markets, Wetaskiwin’s competitive land prices, administrative ease, and real estate affordability all contribute to create an idea location for business development and investment.
Wetaskiwin is open for business!
If you have any ideas for a new business or City event, would like to talk about your business expansion, relocation or investment in the City of Wetaskiwin, please contact Vern May at firstname.lastname@example.org or call 780-335-7410
- Trading Area (2014 Census)
Primary Trading Area Population: 50,264
Secondary Trading Area Population: 93,637
- Labour Force
A regional skilled workforce of 7500 people
- Commercial Lease Pricing
$10 - $15 per sq. ft.
- Taxes (Mill Rates)
- Population (2016 Census)
- House Prices
$250,000 average price for 3-bedroom home
- Commercial Tax Incentive Program
NEW Non-Residential Property Tax Incentives (including new industrial and commercial developments and expansions in Wetaskiwin)
Wetaskiwin City Council repealed Bylaw 1969-20 and passed the replacement Tax Incentive Bylaw 1970-20 at their regular September 28, 2020 meeting. This new bylaw widens the scope of the non-residential property tax incentive to include large scale commercial developments and provides further clarification on the implementation of the Bylaw.
Bylaw 1970-20 gives provision for incentives for the municipal portion of non-residential property taxes for both industrial developments and expansions, as well as new commercial developments on a sliding scale over a three year period. The new bylaw is designed to attract growth, encourage development, and bring new investment to the City of Wetaskiwin.
Read the full Press Release HERE.